Money Slide on October 21 Red Letter Trading Day

Commentary, News

Money planet Venus works easily with Neptune, the great dissolver.

Money Slide

By Susan Abbott Gidel
October 20, 2019

(All times Eastern)

Watch for a potential slide down a slippery slope on Monday, October 21. The money planet Venus is in an easy relationship with Neptune, the great dissolver, exact at 3:40 pm, going into the 4 pm close. Both planets are in water signs, emphasizing the getting washed away theme.

Look for a potential high in crude oil prices, based on planetary positions similar to previous market highs.

Monday’s reports include:

  • Sunday 7:50 pm  Japan Merchandise Trade
  • 4:00 pm  US Crop Progress

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As always, please use protective buy and sell stops when trading futures and options.

Disclaimer: Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. Any decision to purchase or sell as a result of the opinions expressed in the forum will be the full responsibility of the person(s) authorizing such transaction(s). BE ADVISED TO ALWAYS USE PROTECTIVE STOP LOSSES AND ALLOW FOR SLIPPAGE TO MANAGE YOUR TRADE(S) AS AN INVESTOR COULD LOSE ALL OR MORE THAN THEIR INITIAL INVESTMENT. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.

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